In summary: A recent analysis by Timothy Peterson shows that LINK’s price is correlated with ETH Gas cost According to his analysis, the value of ChainLink follows the fluctuations of ETH gas fees At the time of writing, Mr. Peterson was yet to expound on his observation One reason behind the correlation could be that activity on the ChainLink network is tied to DeFi activity on the Etheruem network Crypto analyst Timothy Peterson of Cane Island Alternative Advisors has discovered […]
